Lower-income households spend more of their budgets on transportation and other necessities relative to other income groups, according to economists.
"The $15,000 [group] is low-income enough that a lot of them live in urban areas and do not own a car," Smetters said.
Higher earners also have more cars, on average. The lowest earners own or lease one vehicle, on average, while those earning more than $100,000 a year have nearly three.Some may view a 2-percentage-point difference between high and low earners in the share of annual gasoline outlays as negligible.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Why you may pay more in Social Security taxes – and how to lower that billThe Social Security Trustees’ Report expects about $10.6 billion more in tax revenue this year
Lire la suite »
Why Kim Kardashian Is Taking the 'High Road' Amid Kanye West DramaDuring an interview on 'The Ellen DeGeneres Show,' Kim Kardashian shared that she will always be “protective” of ex-husband Kanye West, while saying she is taking the 'high road' and putting her children first
Lire la suite »
Why some Americans haven't gotten COVID yet and why it's not inevitable they ever will: ExpertsDoctors said there are several reasons millions of Americans have yet to contract the virus. One of those reasons is human behaviors, meaning people take proper precautions to lower their risk of getting infected.
Lire la suite »
'Why? Why? Why?' Ukraine's Mariupol descends into despairIn the more than two weeks since Russia’s war began, two AP journalists have been the only international media present in Mariupol, chronicling its fall into chaos and despair.
Lire la suite »
Lower Hackensack River to be added to list of EPA Superfund sitesThe process can take years, and even then there is no guarantee the site it will be returned to pristine condition.
Lire la suite »
OECD: Global economic growth to be more than 1% lower this year due to Ukraine crisisOECD: Global economic growth to be more than 1% lower this year due to Ukraine crisis By eren_fxstreet Macroeconomics Growth RussianFederation Ukraine
Lire la suite »